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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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    MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

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    The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

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  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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    Nigeria was the seventh most populous nation in the world in 2020, with 206.1 million people. Projected to reach a population of 401.3 million by 2050, Nigeria will rank third after India (1st) and China (2nd). According to Institut national d'études démographiques' projections, Nigeria, Ethiopia, DR Congo, Egypt, Tanzania, and Kenya will be among the world’s top 20 most populous countries by 2050.

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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more

  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more

  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

    See more
Other Insights
 
  • Nigeria's insurance industry generated ₦2.3 trillion in gross premium written in 2025.
  • Gross premium written increased 47.3% from ₦1.56 trillion in 2024.
  • Premiums have grown by 273% since 2021, from ₦616.6 billion.
  • Gross premium written has increased every year since 2021.
  • Premium growth does not necessarily mean higher insurance coverage or profitability.
See more
 
  • AXA Mansard, NEM Insurance and AIICO generated 51.7% of the combined revenue of 17 NGX-listed insurers.
  • The top three earned ₦449.9 billion, ₦30.3 billion more than the other 14 insurers combined.
  • The 17 insurers generated a combined ₦869.6 billion in insurance revenue in 2025.
  • AXA Mansard recorded the highest insurance revenue at ₦160.6 billion.
  • Revenue rose at 15 insurers, but only four reported higher profits.
See more
 
  • Ethiopia recorded Africa's fastest real GDP per capita growth between 2000 and 2025.
  • Rwanda ranked second, while Sierra Leone, Tanzania and Djibouti completed the top five.
  • Ethiopia's real GDP per capita rose 322%, from $910 to $3,843.
  • Mauritius recorded Africa's largest absolute gain in real GDP per capita.
  • Nigeria ranked 15th, with real GDP per capita increasing 76.7%.
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  • Nigeria has exported more to South Africa than it has imported every year since 2002.
  • Exports peaked at $6.29 billion in 2014, driven almost entirely by mineral fuels.
  • Imports from South Africa have remained below $1 billion annually.
  • Nigeria recorded a $1.27 billion trade surplus with South Africa in 2025.
  • Mineral fuels made up over 95% of Nigeria's exports throughout 1995-2025.
See more
 
  • Twelve African countries have not completed a census in at least 10 years.
  • DR Congo (42 years) and Somalia (40 years) have Africa's oldest censuses.
  • Guinea-Bissau has completed a new census, while Cameroon and Chad are still counting.
  • Nigeria and DR Congo are preparing new censuses, but fieldwork has not begun.
  • South Sudan's census is disputed, while Eritrea is excluded from the ranking.
See more
 
  • Mauritius had 97 elderly people per 100 children in 2025, over 11 times Africa’s median of 8.5.
  • Its ratio increased from fewer than seven in 1960 to 24 in 2000, becoming Africa’s highest in 2009.
  • Seychelles ranked second with 44 elderly people per 100 children, followed by Tunisia with 42.
  • Mauritius’s child share fell from 25.6% to 14.5% between 2000 and 2025, while its elderly share increased from 6.1% to 14.1%.
  • Nigeria’s ratio moved from 6.9 to 7.6 between 2000 and 2025, placing it 38th among 54 countries.
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  • Nigeria held Africa’s fourth-largest US direct investment balance in 2025, at $4.56 billion.
  • The balance fell by $1.98 billion from $6.54 billion in 2024, a decline of 30.3%.
  • Nonbank holding companies accounted for $3.08 billion, or 67.7% of Nigeria’s total balance.
  • Manufacturing represented $552 million, or 12.1%, while other industries accounted for $921 million.
  • Holding-company assets may ultimately be deployed in other sectors, so the classification does not show their final use.
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  • US direct investment in Africa peaked at $69 billion in 2014 after expanding rapidly from the mid-2000s.
  • By 2025, the balance had fallen 45.1% from its peak to $37.9 billion, its lowest since 2008.
  • Mining drove the cycle, accounting for 88% of the 2010–2014 increase and 97% of the subsequent decline.
  • Africa’s share of the global US direct investment balance remained below 3% throughout 1985–2025.
  • The post-2014 decline was interrupted by brief recoveries in 2017 and 2021–2022.
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  • Mauritius held Africa’s largest US direct investment balance in 2025, at $8.4 billion.
  • South Africa followed with $7.9 billion, ahead of Egypt’s $6.7 billion and Nigeria’s $4.6 billion.
  • Africa’s total balance fell by 8.4% to $37.91 billion, its third consecutive annual decline.
  • The top ten countries held 98% of Africa’s total, leaving only $0.7 billion across the rest.
  • Manufacturing led South Africa’s balance, mining dominated Egypt’s, and holding companies accounted for most of Nigeria’s.
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  • Total received: $125 billion in on-chain value.
  • Stablecoin value: $54 billion, representing 43.2%.
  • Bitcoin comparison: Stablecoins received more than twice Bitcoin’s value.
  • Key driver: Currency depreciation and limited dollar access.
See more
     
  • Nigeria recorded its highest refinery throughput since 1990 at 360,000 b/d.
  • Throughput increased by 50.6% from 239,000 b/d in 2024.
  • The 2025 level was more than 20 times the 17,600 b/d recorded in 2023.
  • Nigeria remained Africa’s third-highest, behind Algeria and Egypt.
  • Dangote’s contribution is not reported separately.
See more
     
  • Spain replaced Argentina at the top after beating them in the 2026 FIFA World Cup final.
  • Morocco moved from seventh on 11 June to sixth on 20 July, Africa’s highest position in 32 years.
  • Morocco is 0.93 points behind fifth-placed Brazil and remains the only African team in the global top 10.
  • FIFA adds or subtracts points based on match results, match importance and opponent strength.
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1 2 3 … 131
  • Nigeria's insurance industry generated ₦2.3 trillion in gross premium written in 2025.
  • Gross premium written increased 47.3% from ₦1.56 trillion in 2024.
  • Premiums have grown by 273% since 2021, from ₦616.6 billion.
  • Gross premium written has increased every year since 2021.
  • Premium growth does not necessarily mean higher insurance coverage or profitability.
Read more
  • AXA Mansard, NEM Insurance and AIICO generated 51.7% of the combined revenue of 17 NGX-listed insurers.
  • The top three earned ₦449.9 billion, ₦30.3 billion more than the other 14 insurers combined.
  • The 17 insurers generated a combined ₦869.6 billion in insurance revenue in 2025.
  • AXA Mansard recorded the highest insurance revenue at ₦160.6 billion.
  • Revenue rose at 15 insurers, but only four reported higher profits.
Read more
  • Ethiopia recorded Africa's fastest real GDP per capita growth between 2000 and 2025.
  • Rwanda ranked second, while Sierra Leone, Tanzania and Djibouti completed the top five.
  • Ethiopia's real GDP per capita rose 322%, from $910 to $3,843.
  • Mauritius recorded Africa's largest absolute gain in real GDP per capita.
  • Nigeria ranked 15th, with real GDP per capita increasing 76.7%.
Read more
   
  • Nigeria has exported more to South Africa than it has imported every year since 2002.
  • Exports peaked at $6.29 billion in 2014, driven almost entirely by mineral fuels.
  • Imports from South Africa have remained below $1 billion annually.
  • Nigeria recorded a $1.27 billion trade surplus with South Africa in 2025.
  • Mineral fuels made up over 95% of Nigeria's exports throughout 1995-2025.
Read more
  • Twelve African countries have not completed a census in at least 10 years.
  • DR Congo (42 years) and Somalia (40 years) have Africa's oldest censuses.
  • Guinea-Bissau has completed a new census, while Cameroon and Chad are still counting.
  • Nigeria and DR Congo are preparing new censuses, but fieldwork has not begun.
  • South Sudan's census is disputed, while Eritrea is excluded from the ranking.
Read more
  • Mauritius had 97 elderly people per 100 children in 2025, over 11 times Africa’s median of 8.5.
  • Its ratio increased from fewer than seven in 1960 to 24 in 2000, becoming Africa’s highest in 2009.
  • Seychelles ranked second with 44 elderly people per 100 children, followed by Tunisia with 42.
  • Mauritius’s child share fell from 25.6% to 14.5% between 2000 and 2025, while its elderly share increased from 6.1% to 14.1%.
  • Nigeria’s ratio moved from 6.9 to 7.6 between 2000 and 2025, placing it 38th among 54 countries.
Read more
1 2 3 … 262
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